Benin : named fastest country in the world to start a business (UNCTAD)
Benin is the fastest place in the world to start a business, according to the United Nations Conference on Trade and Development. This is thanks to an online platform, mybusiness.bj, set up at the beginning of the Covid 19 pandemic by the Benin Investment and Export Promotion Agency, which allows companies to register within three hours.
In 2019, the agency had 28,000 businesses created. In 2020, the figure rose to more than 41,000 thanks to the site.